THE BLOG

20
Sep

All that you need to know about home inspection before buying a house

Buying a house is almost a once-in-a-lifetime decision – at least for many of us. Whether you are looking to invest in real estate or want to settle in this new place you will call your ‘home’, a considerably large amount of your hard-earned money will go into this purchase. This is the reason you want to ensure that your potential new house is worth the money and the effort being spent on it.

Home inspections are a part & parcel of this very process.
As a buyer of a new home, here’s all that you need to know about the process of home inspection. This is something we advise you do, well in advance of your home purchase:

What is a home inspection?
A home inspection is an elaborate evaluation of a home carried out by a trained home inspector, upon the request of a buyer of that house. Once the buyer decides upon a house that meets their expectations as their potential home, they endeavor to get a home inspection performed, where in, the home inspector closely evaluates every single part of the house and lists out every possible problem area in the house and submits an evaluation report.

What comes under the scope of a home inspection?
As every property is unique, its needs for inspection to determine the problem areas as they may be different and unique as the house itself.
In general, a home inspection encompasses all possible parts of the home including

  • Electrical Aspects
  • Plumbing Aspects
  • Construction Aspects
  • Safety Aspects
  • Fittings and Fixtures
  • Electrical Fixtures
  • Data Connections
  • Condition of windows, doors and doorframes
  • Floor, ceiling and walls are also inspected

Is it necessary to opt for a home inspection before buying a house?
While it is not necessary, it definitely makes a lot of sense to do so. A home inspection gives you a lot of clarity on any potential problems you might face with your new house once you occupy the house, . You may accordingly refer to your real estate agent and address the issues with the seller of the property before closing the deal. This gives you an opportunity to negotiate with the seller to cover some of the repair charges.

Whose responsibility is it to hire the home inspectors?
Home inspections are not solely for the benefit of the buyer. But in many cases it is the responsibility of the buyer to have a home inspection performed for the purchase before closing the deal.

What kind of home inspectors to hire?
One must always make sure to hire an experienced home inspector. You may be tempted to hire a contractor thinking that they possess the same skills since they know how to fix the existing maintenance problems of the house. The home inspectors have had specialized training to be able to identify even the slightest of problems that run the risk of being missed by anyone else. While a trained home inspector may cost you a bit more than a contractor, the former will make sure to present you with an exhaustive report on the problems.

How to deal with the problems uncovered during a home inspection?
Once you know the problems your potential home has, you have a detailed consultation with your real-estate professional to understand which of these need redressal by the seller before the purchase is finalized. For some of the major repairs, you might want to negotiate with the seller to take care of them. For the issues the seller disagrees to address, you may ask for a reduction in the price of the property or credit to be paid on accomplishing the repair.

15
May

Tips for Individual House Construction – Step 3

Step 3: Select An Architect :

  • An architect is a professional who designs space efficiently. It is necessary for you to engage the services of a good architect. You would be able to identify one by discussing with your friends and relatives who have used the services of an architect. Select an Architect after looking at some of the projects he has executed. Make sure his style of architecture is in sync with your taste and style of what you want your house to be..
  • Preferably select an architect who is registered with a professional body of Architects such as ‘Institute of Indian Architects’ or a local body of Architects
  • The Architect’s scope shall normally include the following:

    • Architectural design of proposed the house. Specify the number of alternate designs he would come up with for you to take a decision
    • Structural design
    • Plumbing and Electrical services
    • Preparation of Bill of Quantities (BOQ) for all the design services
    • Preparation of a tender document with terms and conditions (I will address this in detail later)
    • Periodic construction supervision
    • Checking and certification of contractors’ bills
  • Enter into a formal contract agreement with an Architect specifying the terms of appointment. The contract agreement shall specify the role and responsibilities of the Architect and his associates, terms of payment of their professional fee etc..

Continued Next Post…

Copyrights© Arkalgud Narasimha Prakash,all rights reserved

Click here to view Reference Link

14
May

Tips for Individual House Construction – Step 2

Step 2: Space Requirements :

  • You must be having an idea as to what our space requirements are.
  • You must be having an idea as to what our space requirements are.
  • How many Bedrooms do you need?
  • What is the size of the living room? What is the size of the kitchen? Do you need a separate Pooja room? Make a list of all your requirements.

Continued Next Post…

Copyrights© Arkalgud Narasimha Prakash,all rights reserved

Click here to view Reference Link

09
May

Tips for Individual House Construction – Step 1

Step 1: How much can you spend on this Project?
What is the maximum amount of money that you wish to spend to commission the house and make it livable? You should be able to walk into the house and start living immediately. Your budget should provide for fixed and loose furniture, soft furnishings such as curtains etc., once you have arrived at this figure, this forms the basis of all design and decision making.

Continued Next Post…

Copyrights© Arkalgud Narasimha Prakash,all rights reserved

Click here to view Reference Link

07
May

Tips for Individual House Construction

This write up is for all those who want to construct their residence/home. Let us assume that you have a plot of land and you have decided to build a house.

Congratulations on your wise decision.

Let us look at the various steps to be taken while constructing a house.

First and foremost thing is to use the services of professionals to design and construct your house.

Using the services of a professional is as important as using the services of a medical doctor. Considering that you are likely to spend lakhs of rupees, it is prudent on your part to use the services of a professional when you are spending, may be, your life savings.

How is a ‘construction project’ unique as compared to other projects?

All construction projects are unique and one of its kind, even if completely similar to buildings being built at different locations.

All Construction Projects go through four major phases in its life cycle:

  1. Concept Phase
  2. Design and tendering Phase
  3. Execution Phase
  4. Finishing Phase

Continued Next Post…

Copyrights© Arkalgud Narasimha Prakash,all rights reserved

Click here to view Reference Link

05
Mar

New Real Estate Bill – Protection to Buyers ?

The Real Estate bill, which was long pending has finally been introduced and needs to be enacted. The Bill, once enacted will at last give teeth to apartment buyers, who till date were at the mercy of real estate developers.

The bill would make the developers accountable for structural stability of the buildings, timely completion and cash management of the proceeds of the sales of each project. This will make sure that the developer does not use the funds meant for specific project for any other purpose.

The Bill will also give more teeth (were there at all any teeth, in the first place?) to the government to regulate contracts between the buyer and the seller to ensure customer protection and also standardise business practices.

However, it is not yet clear to me as how this bill will protect the consumer from projects where the quality of works completed do not meet the promises made in terms of quality of workmanship or quality of materials used for construction.

We at Nemmadi, as third party, assist the buyer in identifying deficiencies or shortcomings by inspecting the work done and reporting to the client and the developers for rectification.

If you are buying a new flat or an old one, we are the right people to help you inspect the flat from all Engineering angles.

05
Jan

Indian Construction Industry

Indian Construction industry is a very ill/unorganized. As a result, any one with money power can become a ‘contractor’ or a ‘builder’. The contractor or the builder does not need a valid license to carry on his business, particularly in the private sector.

The contractor or the builder may or may not engage the services of professionals to design and construct the house or the apartment that you wish to buy.

In the absence of control over the design of the structure as per Indian Standards requirement for RCC design, the durability, the quality and safety of the structure suffers.

This leads to loss of life and property.
Therefore it is necessary to ensure that the house/apartment/villa that one proposes to buy meets the quality requirements.